Tata Motors (NYSE:TTM) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Saturday, November 18th. The firm currently has a $36.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 17.65% from the company’s previous close.
According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
Other equities analysts have also issued reports about the stock. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. BidaskClub downgraded shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Sanford C. Bernstein downgraded shares of Tata Motors from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $45.00 to $30.00 in a research report on Friday, August 11th. Finally, Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.00.
Tata Motors (NYSE TTM) traded down $0.51 during trading hours on Friday, reaching $30.60. 926,224 shares of the company were exchanged, compared to its average volume of 1,310,200. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. Tata Motors has a 1-year low of $28.97 and a 1-year high of $40.34. The company has a market capitalization of $21,141.50, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.23 and a beta of 2.20.
Large investors have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. bought a new stake in Tata Motors during the 3rd quarter valued at $319,000. Janney Montgomery Scott LLC boosted its holdings in Tata Motors by 31.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 35,889 shares of the company’s stock worth $1,122,000 after acquiring an additional 8,650 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Tata Motors by 52.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 29,441 shares of the company’s stock worth $921,000 after acquiring an additional 10,145 shares during the last quarter. Jane Street Group LLC boosted its holdings in Tata Motors by 54.5% during the 3rd quarter. Jane Street Group LLC now owns 122,398 shares of the company’s stock worth $3,786,000 after acquiring an additional 43,196 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Tata Motors by 29.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 95,426 shares of the company’s stock worth $2,984,000 after acquiring an additional 21,592 shares during the last quarter. Institutional investors own 10.93% of the company’s stock.
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About Tata Motors
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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